12828 Doty Avenue

    Hawthorne, CA 90250
    • $1,100,000
    • STATUS: Pending
    • ON SITE: 51 days
    • ID#: SB19170178
    Pending
    UPDATED: 30 min ago
    $1,100,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,709
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Excellent income property opportunity with this fully-occupied building in the rising city of Hawthorne. This 1990-built triplex offers highly sought after townhouse-style units that command premium rents. There are two 3-bed/2.5-bath over-sized units with kitchen and living quarters below with half bathroom and three bedrooms/two bathrooms upstairs that sport a master bedroom with ensuite bath. The front unit (shown in the listing pictures) has been completely rehabbed and was rented less than a week. The back unit is 2-bedroom/2-bathroom on one private second-story level that can be brought much higher from its current rent. Each unit comes with two covered carport parking spaces and access to a shared community laundry room. The current CAP is an attractive 4.87% return with loads of upside to a market CAP between 5.5% and 6%, if you choose to rehab the remaining two units. A very easy to manage property that is NOT rent-controlled and has great potential growth prospects fueled by SpaceX and the growing Hawthorne airport. This property offers a compelling current CAP with fabulous upside, premium townhome-style units, and a price per square foot under $300...this is an income opportunity that will not last.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T12:41:02.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/97480590

    12828 Doty Avenue Hawthorne, CA 90250

    • Price: $1,100,000
    • Status: Pending
    • Updated: 30 min ago
    • ID#: SB19170178
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,709
    SQFT
    $297
    $/SQFT
    1990
    Built
    Neighborhood:
    110 - East Hawthorne
    County:
    Los Angeles
    Area:
    110 - East Hawthorne
    Property Description
    Excellent income property opportunity with this fully-occupied building in the rising city of Hawthorne. This 1990-built triplex offers highly sought after townhouse-style units that command premium rents. There are two 3-bed/2.5-bath over-sized units with kitchen and living quarters below with half bathroom and three bedrooms/two bathrooms upstairs that sport a master bedroom with ensuite bath. The front unit (shown in the listing pictures) has been completely rehabbed and was rented less than a week. The back unit is 2-bedroom/2-bathroom on one private second-story level that can be brought much higher from its current rent. Each unit comes with two covered carport parking spaces and access to a shared community laundry room. The current CAP is an attractive 4.87% return with loads of upside to a market CAP between 5.5% and 6%, if you choose to rehab the remaining two units. A very easy to manage property that is NOT rent-controlled and has great potential growth prospects fueled by SpaceX and the growing Hawthorne airport. This property offers a compelling current CAP with fabulous upside, premium townhome-style units, and a price per square foot under $300...this is an income opportunity that will not last.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features Lawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.87 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 75588.00 Gross Operating Income 73321.00 Gross Scheduled Income 75588.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 53525.00 New Construction YN No New Taxes Expense 13200.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 19796.00 Operating Expense Percent 27.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 19796.00 Trash Expense 0.00 Vacancy Allowance 2267 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Har3yy

    Listing provided courtesy of Richard Haynes of Manhattan Pacific Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T12:41:02.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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